101Leafy researched the games.
AncientDrgnwoodLance

Made of an elegant ancient wood with wooden cartridges. It's a beauty. Shelling Lv3
| Class | Gunlance |
|---|---|
| Rarity | 9 |
| Attack | 460 |
| Paralysis | 250 |
| Slots | 2 |
| Price | 120,000z |
Upgrades
| Upgraded from | Gld Dragonwd GLance |
|---|---|
| Upgrades into | AncientDrgnwoodLanc+ |
Can also be made new at the smithy.
Upgrade tree from モンスターハンターポータブル 2nd G 公式ガイドブック (Enterbrain, 2008), page 760.
Materials
AncientDrgnwood ×5, YamaTsukaFillet ×2, Thunderbug Jelly ×10, Fire Dragon Pwdr ×3